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Business Developments & Projects - Offshore Energy

Business Developments & Projects

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Business Developments & Projects

Erik Thun splashes fourth hybrid Lake Vanern Max ship

Swedish shipping company Erik Thun has launched its fourth plug-in hybrid dry cargo vessel built at Ferus Smit shipyard in the Netherlands.

about 1 year ago

The dynamic subsea power export cable for the HKN1 offshore solar project at the Hollandse Kust Noord (HKN) offshore wind farm, the first of its kind connected to an offshore wind grid, has been teste

Business Developments & Projects

Cable milestone reached for world-first offshore solar-wind integration at HKN1

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The dynamic subsea power export cable for the HKN1 offshore solar project at the Hollandse Kust Noord (HKN) offshore wind farm, the first of its kind connected to an offshore wind grid, has been tested and delivered. Oceans of Energy and CrossWindHKN confirmed the completion of the factory acceptanc

about 1 year ago

Business Developments & Projects

Norden to grow MPP fleet with two more fuel-efficient, biofuel-capable ships

Danish shipping company Norden has decided to expand its fleet with another two fuel-efficient, biofuel-compatible 17,500 dwt multipurpose vessels.

about 1 year ago

Business Developments & Projects

Flotte Hamburg christens two hybrid police boats

Flotte Hamburg has christened two hybrid police boats, ‘Bürgermeister Brauer’ and ‘Bürgermeister Weichmann.’

about 1 year ago

Deepsea Stavanger rig; Source: Odfjell Drilling

Business Developments & Projects

Drilling ops yield fertile ground for carbon storage in North Sea

Equinor Low Carbon Solutions, a subsidiary of Norway’s state-owned energy giant Equinor, has drilled two appraisal wells in the Norwegian sector of the North Sea, which are said to possess suitable properties for the injection and storage of carbon dioxide (CO2).

about 1 year ago

Business Developments & Projects

Russia to pump over $6B into shipbuilding as part of big plan to revitalize its maritime industry

The Russian government has unveiled a massive plan to build hundreds of new ‘civilian’ vessels by 2050, upgrade its shipbuilding capability, and increase the workforce in the maritime domain.

about 1 year ago

Business Developments & Projects

Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off?

Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025.

11 minutes read

Business Developments & Projects

Hystar secures more than $36 million to fast-track electrolyzer deployment

Norwegian high-tech hydrogen company Hystar has raised more than $36 million in its Series C funding round to accelerate the commercial scale-up of its electrolyzers.

about 1 year ago

Prysmian's Leonardo da Vinci cable-laying vessel on Tyrrhenian Link duty; Source: Terna

Business Developments & Projects

Prysmian puts first subsea cable in place for eastern piece of Italy’s electricity interconnection

Prysmian Group has confirmed the wrap-up of the installation works related to the first submarine cable of the eastern branch of an electricity interconnection between Campania, Sicily, and Sardinia.

about 1 year ago

Netherlands-based subsea technology firm Seatools has secured a contract with CSBC-DEME Wind Engineering (CDWE) to supply a metrology and control system for the pre-piling template (PPT) at Taiwan’s F

Business Developments & Projects

Seatools to deliver subsea metrology and control system for Fengmiao 1 offshore wind farm

Netherlands-based subsea technology firm Seatools has secured a contract with CSBC-DEME Wind Engineering (CDWE) to supply a metrology and control system for the pre-piling template (PPT) at Taiwan’s Fengmiao 1 offshore wind project. According to Seatools, the wind farm will use jacket-type foundatio

about 1 year ago

Business Developments & Projects

North Sea wildcat trio on Odfjell Drilling rig’s agenda this month

Aker BP has secured drilling permits for three exploration wells in the North Sea off the coast of Norway, which will be drilled this month with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago

High Island II jack-up rig; Source: Shelf Drilling

Business Developments & Projects

Two Shelf Drilling rigs come to West Africa as another one spins the drill bit in Europe

Shelf Drilling (SHLF) has shed more light on the latest developments across its rig fleet, confirming the arrival of two jack-ups in West Africa and the start of drilling work in Norwegian waters for another unit.

about 1 year ago

Business Developments & Projects

Damen and Alfa Laval to deepen cooperation on maritime energy efficiency

Damen Shiprepair and Alfa Laval Benelux have signed a memorandum of understanding (MoU) to intensify their cooperation on energy efficiency in the maritime industry.

about 1 year ago

The first European built offshore CO2 carrier for carbon capture and storage. Source: Greensand Future

Business Developments & Projects

‘First European-built’ offshore CO2 carrier set for launch

The first European-built offshore CO2 carrier for carbon capture and storage (CCS) is set to be launched on Wednesday, 14 May, according to Greensand Future. Constructed at the Royal Niestern Sander shipyard in the Netherlands, the vessel is part of Project Greensand’s efforts to establish the EU’s

about 1 year ago